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Elijah Felice Rosales
Elijah Felice Rosales
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Subsidies to state firms only half of H1 target
by Elijah Felice Rosales - August 2, 2021 - 12:00am
The government missed by more than half its subsidy program in the first semester due to the delayed filing of special budget requests ,but expects funding for state-owned firms, particularly for health agencies,...
Stronger demand for government debt papers expected
by Elijah Felice Rosales - August 2, 2021 - 12:00am
The rates for government debt papers may increase this week as investors demand extra security due to risks posed by the spread of the Delta variant and the looming revert to lockdown.
Insured deposits drop to all-time low in Q1
by Elijah Felice Rosales - August 1, 2021 - 12:00am
Insured accounts in local banks sank to an all-time low of 20.3 percent in the first quarter despite the increase in deposits made during the period.
Unspent P6-B Bayanihan 2 fund no longer for SAP — DBM
by Elijah Felice Rosales - July 31, 2021 - 12:00am
The government can no longer use the P6 billion in unspent funds from Bayanihan 2 for a new round of social amelioration program, according to the Department of Budget and Management.
Mining, quarrying revenues decline 12% to P57 billion in 2019
by Elijah Felice Rosales - July 30, 2021 - 12:00am
The government generated 12 percent less revenue from extractive industries to about P57 billion in 2019 due to lower output of mining and quarrying.
BIR defers 12% VAT on exporters’ purchases
by Elijah Felice Rosales - July 30, 2021 - 12:00am
The Bureau of Internal Revenue has deferred the implementation of Revenue Regulation 9-2021 which imposed a 12 percent value-added tax on raw material purchases of export firms from domestic suppliers.
Quezon City still highest revenue generator in Metro Manila
by Elijah Felice Rosales - July 30, 2021 - 12:00am
Quezon City remained the leading revenue generator in Metro Manila last year with more than P22 billion, besting financial districts Makati, Taguig, Pasig as well as Manila.
Debt soars to record high P11.16 trillion in June
by Elijah Felice Rosales - July 30, 2021 - 12:00am
The country’s outstanding debt ballooned to a fresh record high of P11.16 trillion as of end-June, the bulk of which consists of domestic obligations.
Reissued T-bonds fetch higher rates
by Elijah Felice Rosales - July 28, 2021 - 12:00am
The government yesterday raised P35 billion from the auction of reissued seven-year Treasury bonds as investors kept their appetite for long-term debt papers amid risks posed by the spread of the more infectious...
Government infrastructure spending climbs 50% in June
by Elijah Felice Rosales - July 28, 2021 - 12:00am
Infrastructure spending in June rose by more than half to P94.4 billion as the government sped up the modernization of the military and the upgrade of schools nationwide.
Budget deficit swells 28% in H1
by Elijah Felice Rosales - July 28, 2021 - 12:00am
The budget deficit ballooned by 28 percent to P716.1 billion in the first semester and is expected to widen further as government ramps up its spending for subsidizing state firms and preparing for the 2022 ele...
T-bills mixed on renewed tighter lockdowns
by Elijah Felice Rosales - July 27, 2021 - 12:00am
Rates for short-term government securities were mixed yesterday on concerns that authorities may revert select areas into tighter lockdowns due to risks posed by the COVID Delta variant.
DOF says P660 billion spent for COVID-19 pandemic
by Elijah Felice Rosales - July 27, 2021 - 12:00am
The government has reported spending P660 billion on efforts to contain the spread of COVID-19, amid allegations that it is underspending.
Government securities’ yields expected to rise
by Elijah Felice Rosales - July 26, 2021 - 12:00am
Debt papers to be issued by the government this week will likely fetch higher rates anew as buyers continue to look for additional protection on their investments amid risks arising from the peso’s devaluation...
SSS education loans increase 52% in H1
by Elijah Felice Rosales - July 25, 2021 - 12:00am
State-run Social Security System increased its release of education loans by more than half to about P116 million in the first semester.
DBP extends P700 million loan for new hospital
by Elijah Felice Rosales - July 24, 2021 - 12:00am
State-run Development Bank of the Philippines has extended a loan package worth more than P700 million to a private firm for the construction of a hospital in Quezon where bed capacity is lacking.
Self-employed, voluntary SSS members up 20%
by Elijah Felice Rosales - July 23, 2021 - 12:00am
The number of self-employed and voluntary members of the state-run Social Security System rose 20 percent to 8.43 million as of end-May, making up one in every five members of the provident fund’s 40.52 million...
DOF head allays concerns on debt servicing
by Elijah Felice Rosales - July 23, 2021 - 12:00am
The country’s finance chief said the government is left with no choice but to borrow to fund its pandemic measures amid criticisms about the Duterte administration’s ballooning debt.
Next government to benefit from proposed reforms
by Elijah Felice Rosales - July 22, 2021 - 12:00am
Finance Secretary Carlos Dominguez said the passage of the remaining priority measures of the Duterte administration on tax reform and foreign ownership would secure the fiscal stability of the next government.
BIR suspends 12% VAT on exporters’ purchases
by Elijah Felice Rosales - July 22, 2021 - 12:00am
The Bureau of Internal Revenue has agreed to suspend the imposition of the 12 percent value-added tax on local purchases of raw materials and packaging products of exporters, according to the Philippine Economic...
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